Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit−0.225%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1041.040% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days+0.250%+$25 · spread now −0.225%, 7d avg +0.051%

Together, before fees+0.355%+$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.276% cheaper against Bybit than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.3097	0.0100	pay 0.0100% / 8h	7h 51m	$4.4M	$8.3M	75x
Short	BingX AR-USDT	4.3000	0.0100	get 0.0100% / 8h	7h 51m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now −0.225%Rate

Funding earned: $0
Price spread: −0.225% → +0.051%: −$27.6
Slippage, 4 orders: −$83.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$131.61
Costs to cover: 1.040%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 1 min ago	2.33 bp	31.2 bp −$31	211.0 bp −$2,110	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	4.67 bp	21.5 bp −$21	56.3 bp −$563	340.2 bp −$34.0K	703.6 bp −$351.8K

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ARUSD	−0.1006%	1h	4.2912	−0.429%	$53K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3002	−0.220%	$552K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.652%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3185	+0.204%	$3.9M	$4.4M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3046	−0.119%	$32K	$255K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3071	−0.060%	$8.6M	$45.0M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.3097	long leg	$4.4M	$8.3M	75x
OKX AR-USDT-SWAP	+0.0100%	8h	4.3100	+0.007%	$2.3M	$14.6M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2900	−0.457%	$2.0M	$3.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.3120	+0.053%	$6.1M	$3.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.2950	−0.341%	$1.1M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.3080	−0.039%	$3.7M	$4.9M	75x	as long as short
BingX AR-USDTshort	+0.0100%	8h	4.3000	−0.225%	—	$2.7M	—
Variational Omni AR	+0.0100%	8h	4.2963	−0.311%	$247K	$513K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2930	−0.387%	$20K	$707K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2988	−0.252%	$36K	$244K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2940	−0.364%	$416K	$445K	20x	as long as short